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20121201
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from our chinese owners. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it and now 90% of the wine from here that's 9,000 cases -- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods for goods that are scarce and for goods that are well made. so rather than buying chinese- made products and spending our money over there, they're buying american made products and sending their money back over here. >> reporter: on the jobs stay here? >> and the jobs stay here. >> reporter: rich chinese firms have investigated billions in the u.s. 1.3billion in california companies. a reported $560 million invested in the past year. the chinese are also boosting the golden state's housing recovery. they have bought one out of every 10 homes sold in the past year. >> compared to the high-end housing like in beijing, this is not that expensive. >> reporter: this university of southern california student has a $1 million condo a
hitting four members of a family from china and then leaving the scene. one of the victims later died at the hospital. >> gina and the entire eunice family is chronically destroyed by what happened and i think it's fair to say that their main concern is for the yao family. >> bail is set at $2 million. she will be back in court on new year's eve this monday. her lawyer says she was about to graduate from college with hopes of becoming a police officer. >>> a terrible stench was the first claw that somebody was dead in a vallejo neighborhood. two people are under arrest in connection with a body found in the backyard of a home on warren avenue. the body of 56-year-old richmond romer of alameda was badly decomposed. he has been dead for two years. romer's 22-year-old son joseph romer is accused of hiding his father's body in relative's backyard. the body was found earlier this month. >> my sister had walked over there and got about to where the red car is and she is like, wow. i mean, she could smell it from that far off. so that's a good 40, 50 feet away that she could smell it. >> the
in the south china sea. >>> u.s. secretary of state hillary clinton just announced the u.s. and russia have reached an agreement in hopes of ending the civil war in syria. clinton has been meeting with the foreign minister and united nations mediator. the deal calls for mediation effort for all parties in syria to bring about a political transition there. syrian president bashar assad must leave power to ensure a democratic future for the country. >>> u.s. stock futures dropped in light traded overnight as investors awaited the november jobs report. >>> it's just out showing the unemployment rate fell to a four year low. good news to talk about it and here to join us is ashley morrison on cbs money watch.com on a friday. >> and happy friday o to everyone and you frank and michelle with better than expected news out on the jobs front this morning. the labor department says employers added 146,000 jobs in november and that the unemployment rate dropped to 7.7%. that is the lowest level we've seen since december of 2008. economists were predicting just 80,000 jobs would have added because of s
Search Results 0 to 2 of about 3